ADVERTISEMENT

ADVERTISEMENT

AS-China-Earthquake 02-13 Web

$710 million OK’d for Sichuan

The World Bank said today it will provide a $710 million loan to China to help rebuild areas hit by last year’s devastating earthquake.

The magnitude 7.9 quake centered in Sichuan province was China’s worst in a generation, leaving almost 90,000 people dead or missing and another 5 million homeless. China suffered $123 billion in direct economic losses.

The money will finance infrastructure, health and education projects in western Gansu and Sichuan provinces, the bank said in a statement.

"This project will assist many communities affected by the devastating earthquake to rebuild their lives by restoring essential services," project manager Mara Warwick said in the statement.

What To Read Next
Fundraising is underway to move the giant ball of twine from the Highland, Wisconsin, home of creator James Frank Kotera, who died last month at age 75, 44 years after starting the big ball.
Caitlin and Jason Keck’s two-year term on the American Farm Bureau Federation committee begins next month.